Garden City, Minnesota (56034) is a small city located in southeastern Minnesota. It has a population of around 2,600 people and is within driving distance of Minneapolis-St. Paul. The rent for a two bedroom apartment in Garden City is $950, which is significantly cheaper than the US standard of $1,430. Grocery prices are also comparatively low with an index of 97 compared to the national average of 100.
The city offers a range of local amenities for its residents such as Walmart Supercenter and Aldi stores for groceries, Buffalo Wild Wings for dining out, Wells Fargo Bank for financial services, and lots more retail shops throughout the city. Garden City’s low living costs make it attractive to those who want to save money without sacrificing convenience or quality of life.
Garden City (zip 56034) has an unemployment rate of 3.9%. The US average is 6.0%.
Garden City (zip 56034) has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Garden City (zip 56034)
- The Sales Tax Rate for Garden City (zip 56034) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Garden City (zip 56034) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Garden City (zip 56034)
- The average income of a Garden City (zip 56034) resident is $38,130 a year. The US average is $37,638 a year.
- The Median household income of a Garden City (zip 56034) resident is $74,271 a year. The US average is $69,021 a year.